Sun Pharmaceutical Industries Limited (commonly known as Sun Pharma) is one of India’s leading multinational pharmaceutical companies and the largest pharmaceutical company in India by market capitalisation and revenue. Founded in 1983 by Dilip Shanghvi, Sun Pharma specialises in producing generic medications, branded formulations, and speciality products.
The company has entered into an agreement with Zaza Industrial Holdings K.K., Japan, under which Sun Pharma has agreed to sell 100% of the shares held in Sun Pharma Japan Technical Operations, a step-down subsidiary of the company (through its subsidiary, Sun Pharma Japan Limited).
Consequently, Sun Pharma Japan Technical Operations will cease to be a subsidiary of the company. The expected date for the completion of the sale/disposal is January 31, 2025.
Sun Pharmaceutical Industries Limited reported strong financial results for Q2 FY25, with gross sales of ₹13,264 crore, a 10.5% year-on-year (YoY) increase, and net profit rising 28% YoY to ₹3,040 crore. EBITDA grew by 23.9% YoY to ₹3,939 crore, with a margin of 29.6%.
The India Formulations segment contributed ₹4,265 crore in sales (up 11% YoY), while the U.S. Formulations segment saw a 20.3% YoY growth to $517 million. Global speciality sales grew 19.2% YoY to $286 million. The results reflect strong demand for speciality drugs and robust performance in both the Indian and U.S. markets.
Sun Pharmaceutical Industries Ltd. share price traded at ₹1,894.00 per share at the end of the market today.
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Published on: Jan 2, 2025, 1:40 PM IST
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